Hanesbrands Inc. (NYSE:HBI) had its price objective decreased by equities research analysts at Buckingham Research from $30.00 to $29.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the textile maker’s stock.

HBI has been the subject of a number of other research reports. Deutsche Bank AG began coverage on shares of Hanesbrands in a research report on Monday, October 23rd. They issued a “buy” rating and a $29.00 target price for the company. BidaskClub raised shares of Hanesbrands from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Hanesbrands from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, October 9th. Vetr downgraded shares of Hanesbrands from a “strong-buy” rating to a “buy” rating and set a $26.36 target price for the company. in a research report on Monday, August 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 target price on shares of Hanesbrands in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Hanesbrands has an average rating of “Hold” and a consensus price target of $26.13.

Hanesbrands (NYSE:HBI) last released its earnings results on Wednesday, November 1st. The textile maker reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.80 billion. Hanesbrands had a net margin of 9.02% and a return on equity of 64.80%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share.

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In other news, CFO Richard D. Moss sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $24.08, for a total transaction of $481,600.00. Following the completion of the sale, the chief financial officer now owns 254,487 shares in the company, valued at approximately $6,128,046.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John T. Marsh sold 10,325 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $24.27, for a total transaction of $250,587.75. Following the sale, the insider now owns 99,997 shares of the company’s stock, valued at approximately $2,426,927.19. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HBI. QS Investors LLC lifted its stake in shares of Hanesbrands by 2.8% during the 2nd quarter. QS Investors LLC now owns 5,100 shares of the textile maker’s stock worth $118,000 after buying an additional 140 shares during the last quarter. Washington Trust Bank lifted its stake in shares of Hanesbrands by 50.0% during the 2nd quarter. Washington Trust Bank now owns 6,000 shares of the textile maker’s stock worth $139,000 after buying an additional 2,000 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Hanesbrands by 283.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,687 shares of the textile maker’s stock worth $141,000 after buying an additional 1,247 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Hanesbrands by 19.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,598 shares of the textile maker’s stock worth $152,000 after buying an additional 1,062 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of Hanesbrands by 101.1% during the 2nd quarter. IHT Wealth Management LLC now owns 2,652 shares of the textile maker’s stock worth $159,000 after buying an additional 1,333 shares during the last quarter. Institutional investors own 94.80% of the company’s stock.

Hanesbrands Company Profile

Hanesbrands Inc is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei.

Analyst Recommendations for Hanesbrands (NYSE:HBI)

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